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Prepare a report explaining how the interests of key stakeholders, including shareholders, creditors, suppliers and employees, should be taken into account in developing a code of conduct for managers and non-executive directors of publicly-listed companies. The code of conduct should promote an acknowledgement by managers and directors of their responsibilities and accountability to these stakeholders for decisions made. Your report should also propose measures that seek to maximise the effectiveness of the code of conduct as measured by its acceptability, enforceability and ability to encourage more than simple compliance from managers and directors. Your report should be based on your own, independent research and critical analysis and refer to appropriate academic literature, including journal articles, and be supported with real life examples.
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